Reinhart Partners LLC. Has $41.14 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

Reinhart Partners LLC. boosted its position in Maximus, Inc. (NYSE:MMS) by 43.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 551,146 shares of the health services provider’s stock after buying an additional 167,019 shares during the quarter. Maximus makes up about 1.6% of Reinhart Partners LLC.’s portfolio, making the stock its 27th biggest position. Reinhart Partners LLC. owned about 0.91% of Maximus worth $41,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Maximus in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in shares of Maximus by 150.6% during the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after purchasing an additional 518 shares during the last quarter. Quarry LP increased its position in shares of Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after purchasing an additional 330 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in shares of Maximus during the 2nd quarter worth approximately $90,000. Finally, Covestor Ltd increased its position in shares of Maximus by 913.0% during the 3rd quarter. Covestor Ltd now owns 1,246 shares of the health services provider’s stock worth $116,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Bruce Caswell purchased 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares of the company’s stock, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raymond B. Ruddy purchased 3,490 shares of Maximus stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the transaction, the director now directly owns 112,520 shares in the company, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,063 shares of company stock valued at $502,017 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Raymond James raised Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Thursday, January 2nd. StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a research note on Friday, December 27th.

Maximus Price Performance

Shares of Maximus stock traded up $1.21 during trading on Monday, reaching $78.02. 206,246 shares of the company’s stock were exchanged, compared to its average volume of 583,518. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus, Inc. has a 1-year low of $69.72 and a 1-year high of $93.97. The company has a market cap of $4.70 billion, a P/E ratio of 15.60 and a beta of 0.73. The firm’s 50-day moving average price is $76.78 and its 200 day moving average price is $84.88.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.54%. Maximus’s payout ratio is presently 24.00%.

Maximus Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.